The wider economic benefits of transport corridors: a policy framework and illustrative application to the China-Pakistan Economic Corridor

Martin Melecký, Mark Roberts and Siddharth Sharma

Cambridge Journal of Regions, Economy and Society, 2019, vol. 12, issue 1, 17-44

Abstract: This article discusses a new policy framework to appraise proposals of large transport infrastructure investments—transport corridors—and applies it to the China-Pakistan Economic Corridor (CPEC). The framework emphasises the need to focus appraisal on the ultimate benefits that households along a corridor and, more generally, society, can attain—such as increased consumption, better jobs and greater equity. It also emphasises the need to identify and manage trade-offs. The appraisal framework is applied to Pakistan’s portion of the CPEC. Simulations suggest important heterogeneous impacts of CPEC among districts in Pakistan stemming from variations in restrictions on land use and in secondary education across connected districts.

Keywords: infrastructure; transport corridors; economic appraisal; wider economic benefits; Pakistan; China (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://hdl.handle.net/10.1093/cjres/rsy033 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Wider Economic Benefits of Transport Corridors: A Policy Framework and Illustrative Application to the China-Pakistan Economic Corridor (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cjrecs:v:12:y:2019:i:1:p:17-44.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Regions, Economy and Society is currently edited by Judith Clifton, Anna Davies, Betsy Donald, Emil Evenhuis, Stefania Fiorentino (Associate Editor), Harry Garretsen, Meric Gertler, Amy Glasmeier, Mia Gray, Robert Hassink, Dieter Kogler, Michael Kitson, Linda Lobao, Charles van Marrewijk, Ron Martin, Peter Sunley, Peter Tyler and Chun Yang

More articles in Cambridge Journal of Regions, Economy and Society from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().